Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.
We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.
Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.
- BA Continuum is a non-bank subsidiary of Bank of America, part of Global Business Services in the bank.
Global Middle Office Generally:
Global Middle Office delivers control functions responsible for providing assurance over data and processes used to record risk, P/L, balance sheet and financial results in support of Global Markets, Corporate Treasury and Corporate Investments businesses. There are seven GMO core functions that are critical in ensuring business process control: New Business Development, Trade Capture Substantiation, P&L Validation, Risk/Position Validation, Balance Sheet Substantiation, Event Monitoring, and Front-Back Process Oversight.
The QS or Quantitative Services Team is part of the Global Banking and Market Operations Team. This team within QS will be responsible for managing transition of various process in line with bank’s strategic view towards standardized platforms. More specifically the incumbent will liaise with various user groups and technical development teams to drive the migration towards the strategic state and also be responsible for maintaining relevant tracking mechanism and documentation. Additionally the role also requires getting involved in other kinds of testing such as those of P&L attribution and risk migration as the need arise where the role will be similar to above.
Understanding process work flows
Documenting and maintaining the proposed process states
Testing and maintaining methodology for P&L attribution on derivatives and securities.
Performing gap analysis
Test case design and testing of migrated state
Managing project calls with users and developers
Maintaining adequate documentation
Bachelors/Masters Degree in Finance, Financial Engineering
Certifications If Any
3 – 4 years of experience working in a Business Analyst role in bank/BFSI
Basic Understanding of risk and derivatives
Orientation to detail
Good communication skills
Knowledge of financial instruments including the valuation of OTC derivatives in IR, FX, Credit
Pricing vanilla derivative products like Futures, Options, Indexes, CDS, FRAs, SWAPs, SWAPTIONs, CAPs/FLOORs.
Strong Technical Skills including Excel and VBA programming
Comfortable working under tight deadlines
12:30PM – 9:30PM